The Federal Reserve Bank of Boston has created a working group to study the implications of using digital account tokens to replace card numbers, for both in-store and E-Commerce use. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Postal Service has been delivering groceries for Amazon and has decided it wants to do a lot more. The agency this week, according to The Wall Street Journal, asked the Postal Regulatory Commission for permission for a 2-year test of the plan in...
Predictive analytics firm Context Relevant has secured backing from some familiar banking players. The $13.5 million in new funding, on top of $21 million announced four months ago, comes from Bank of America Merrill Lynch, Bloomberg Beta, Goldman Sachs, Formation 8 and New York Life,...
The District Attorneys of Los Angeles and San Francisco are threatening three prominent mobile ride services—Uber Technologies, Lyft and Sidecar—with injunctions and accused them of violating California law. The accusation is that the services are “misleading customers about how thoroughly (they) check the criminal backgrounds...
Giving itself a B2B shot in the arm boost, the DAWA pharmaceutical group has signed a deal for ERP software from SAP Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A $1 billion supply chain overhaul is fueling sharp cost savings for Australia’s largest retailer. Woolworths’ supply chain fixes, dubbed Mercury II, are aimed at cutting the cost of merchandise transportation. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
For those investors hungry for some tablets-in-restaurants payment action, E La Carte offered some apparently tasty shares as it raised $35 million for a global expansion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.S. Federal Trade Commission (FTC) convinced a federal court to shut down a Missouri-based Bitcoin company called Butterfly Labs because, according to the FTC complaint, the company “charged consumers thousands of dollars for its Bitcoin computers, but then failed to provide the computers until...
Former JCPenney CEO Ron Johnson—who before that ran Apple Retail—is reportedly launching an on-demand service for the delivery of electronics. A report from The Information said it will be “a high-end, on-demand delivery service for gadgets.” Get the Full Story Complete the form to unlock...
